Trying out casino games for free is a lot of fun, but if you want to have a chance to win real money, you’re going to need to put up some of your own. Every online casino lets punters add money to their accounts using different banking options, though these can vary between different casinos.
What are some of the most common banking methods available, and how can punters add money to their casino accounts with them?
What to Know About Online Casino Banking
When you visit a casino’s banking page, you’ll see all of the all of the deposit and withdrawal methods that they accept. There might be some overlap between the two, but very few casinos allow punters to make withdrawals in more than a couple of ways. The banking page is also where you’ll see:
The minimum deposit, or the smallest amount the casino accepts.
The minimum withdrawal, or the smallest amount you can take out.
The payout speed, or how fast you can expect to receive your winnings.
That said, an important amount that you might have to fossack around the Terms and Conditions a bit for is the maximum cashout, or how much money you can take out of a casino. Every casino has a different amount they’ll let you withdraw, and most have different rules. One casino might let you withdraw $1000 a day, while another might allow $7500 a week. If you’re a high roller, or know you’re going to be a playing a lot, it’s worth taking the time to find how much you can take out of the casino. If we wanted to withdraw a certain amount and found out we couldn’t, we’d be as cross as a frog in a sock.
Making an Online Casino Deposit
Online casinos can be heaps different from each other in design or game choice, but they generally work the same behind-the-scenes. Every casino has some way for registered punters to deposit money, and while it may be a page, form, or window, it’s almost always known as the Cashier.
When you make a deposit, the Cashier page might also ask if you’d like to redeem a deposit bonus, or if you have a bonus code you’d like to add. Most casino bonuses can only be claimed by making a deposit, though they might have different rules. Match bonuses, which are some of the most common and popular casino bonuses, are based on how much money a punter deposits into their account in a single go. As an example, a 100% match bonus on a deposit of $100 will match that $100, giving you $200 to play with.
Online Casino Deposit Methods
While every casino handles banking differently, they all use some combination of credit cards, pre-paid cards, wire transfers, eWallets, and cryptocurrency. A casino’s minimum deposit across all payment options is usually the same, though this isn’t always the case.
Some of the most common casino deposit methods are:
Bitcoin and Other Cryptocurrencies
In recent years, more and more casinos have started accepting Bitcoin as both a withdrawal and a deposit option. Some casinos even have games that are specially meant for players using Bitcoin. While Bitcoin is still a bit niche in the wider world, it’s one of the most popular casino deposit methods because of its safety, and security. Deposit amounts might be slightly higher than other types of payment methods, but the payout speed is much faster. Since it is already digital currency and doesn’t need to go through conventional payment systems, punters who withdraw using Bitcoin can typically access their winnings instantly.
Some online casinos have also begun offering different cryptocurrency options, including Ethereum and Litecoin. While not as popular or worth as much as Bitcoin, these cryptocurrencies are intended to be friendlier, less volatile, or having a different overall purpose. Their acceptance illustrates that online casinos want to be inclusive of alternatives to typical payment methods, and are looking to the future of depositing online.
Credit cards like Visa and Mastercard are some of the most common and popular casino deposit methods. They are extremely flexible, letting punters deposit whatever they want, so long as it’s between the minimum and maximum amounts. Using credit cards for depositing is as safe and secure as you would expect from any internationally-known company. At some casinos, punters are able to withdraw using credit cards, and the payout speed is usually pretty fast.
You’ll always see at least Visa and Mastercard, but some casinos accept other credit cards like American Express and Discover. Australians might also be able to use JCB and Diners Club International credit card payments.
Another common casino deposit method is the Neosurf pre-paid card. Neosurf vouchers can be bought in shops, and the amount on the card is equal to the amount paid for it. Think of it like a gift card you can use anywhere, even online.
Neosurf vouchers don’t quite offer the flexibility of more direct payment methods, but they are valuable substitutes. That said, you should note the minimum deposit of the casino you want to play at. It’d be frustrating to go to the milk bar, buy a voucher, come back and find that the casino deposit is higher than the value of the card.
Neteller, PaySafeCard, POLi, Skrill, and Other eWallets
Most online casinos accept deposits from at least one eWallet service. Some of the more popular options are Neteller, PaySafeCard, POLi, and Skrill. You upload your money to the eWallet, and you can then use that money to make a casino deposit. eWallet services are a great option for online gambling, because you control how much is in the account. That said, you also need to be aware of how much you have left so you can top it off when you run out.
Some online casinos may offer you deposit bonuses for using an eWallet service. While not as simple as using a credit card, they are one of the easiest ways to deposit online. Interestingly, Neteller, PaySafeCard and Skrill are all owned by the same company, so you can certain of its security no matter which one you choose to use.
Wire transfers require a bit more involvement than other casino deposit methods, but you can be assured that your money goes where it’s meant to. Also known as bank transfers or credit transfers, wire transfers move money directly from your bank account to the casino. While they can be used to deposit at casinos, it’s a lot more common to withdraw from a casino using a wire transfer. There are even some casinos that only allow punters to withdraw winnings by using wire transfer.
While wire transfers are really straightforward, they can be heaps slow. The payout speed for withdrawals by wire transfer can often be a few weeks, unlike the instant payouts that Bitcoin and credit cards can provide. If you want to get right in the action, you’re probably best served by choosing another method.
Playing at online casinos can be a ripper time, but there’s nothing great or fun about finding that you’ve spent too much money playing, or made too many casino deposits. While everyone has their own opinion on how much is too much, punters might want to set a limit on their deposit amounts.
If you think you might be at risk of overspending or just don’t want to take the chance, you can place a daily, weekly, or monthly limit on your casino account. All you need to do is provide written notice to your casino of choice that you’d like to do so.
That said, it might take some time for the casino to receive your notice, or be able to put it into effect. You might want to wait a few weeks and check in with customer support to see if your request was received and put into effect.
If you decide you want to remove the limit or set another one, you can do so after a minimum waiting period of seven days, unless you’ve set your limit to zero.
Deposit Methods FAQ
How Do I Deposit at Mobile Casinos?
When you make a deposit at an online casino, you’re putting money in your casino account. If your casino of choice has both desktop and mobile versions, they’ll share the same account and the same balance. You can deposit at mobile casinos the same way you would on desktop – find the Cashier, choose your payment type, and choose a deposit bonus if you’d like.
Since screens on mobile casinos are smaller, the Cashier is usually part of the navigation bar at the bottom of the page.
Where Should I Make Casino Deposits?
Punters like different casinos for heaps of different reasons, like game choice or the promotions that they have. If you’re wondering which online casino might be the right one for you, check out our expert reviews of the best casinos for Australian players.
Is There Anything Else I Should Know About Casino Wagering?
As fun as a big, real money win can be, it’s not the only way to enjoy a casino. Taking advantage of free play modes to learn pokies and other games don’t require a casino deposit, and they can be heaps of fun. Spend your next arvo exploring the online casino of your choice and you might be surprised at how quickly the time goes.